NTT DoCoMo to Lead Anti-Qualcomm Joint Venture
NTT DoCoMo today signaled that it, along with a handful of other Asian electronics makers, intend to band together to form a joint venture that will eventually supply the participants with wireless baseband chips. The goal is to reduce the companies' reliance on Qualcomm for such components. Reuters reports that some of the companies involved include Fujitsu, NEC, Panasonic Mobile Communications, and Samsung. DoCoMo will take a majority stake in the joint venture, which the companies believe will help reduce the cost of certain smartphone components. The companies would use the chips developed by this joint venture rather than Qualcomm's chips. The joint venture will be headquartered in Japan and start with an initial capitalization of $389.6 million.
This is Absurd